Truist Financial Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Key Points

• Truist Financial cut Floor & Decor’s price target from $70 to $65 but maintained a “buy” rating, implying roughly 37.55% upside from the prior close.
• Analyst sentiment is mixed: Floor & Decor has an average “hold” rating and a consensus price target of $55.25, with recent downgrades from Wells Fargo, Bank of America and Stifel Nicolaus.
• Shares fell 6.1% to $47.26, despite quarterly EPS of $0.61 beating estimates; revenue rose 3% year over year to $1.21 billion but slightly missed expectations, while comparable-store sales declined 1.4%.

Floor & Decor (NYSE:FND - Get Free Report) had its target price decreased by equities research analysts at Truist Financial from $70.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective points to a potential upside of 37.55% from the stock's previous close.

Several other research analysts also recently commented on the company. Robert W. Baird set a $67.00 price objective on Floor & Decor in a research note on Friday, July 31st. Wells Fargo & Company cut their target price on shares of Floor & Decor from $55.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, October 19th. Bank of America restated an "underperform" rating on shares of Floor & Decor in a report on Friday. Wall Street Zen raised shares of Floor & Decor from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Stifel Nicolaus lowered Floor & Decor from a "buy" rating to a "hold" rating and dropped their target price for the company from $75.00 to $52.00 in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $55.25.

Floor & Decor Stock Down 6.1%

Shares of FND stock traded down $3.08 during mid-day trading on Friday, reaching $47.26. 2,154,897 shares of the company's stock traded hands, compared to its average volume of 2,730,262. Floor & Decor has a 12 month low of $42.64 and a 12 month high of $77.46. The company has a market cap of $5.03 billion, a P/E ratio of 21.97, a P/E/G ratio of 3.90 and a beta of 1.60. The company has a quick ratio of 0.45, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $47.94 and its 200-day moving average price is $55.03.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.22 billion. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities analysts expect that Floor & Decor will post 1.96 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Thomas V. Taylor sold 218,189 shares of Floor & Decor stock in a transaction on Friday, August 7th. The shares were sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the completion of the sale, the insider directly owned 229,820 shares in the company, valued at approximately $14,317,786. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in Floor & Decor in the third quarter valued at approximately $273,000. State of Wyoming purchased a new stake in shares of Floor & Decor in the third quarter valued at about $85,000. Signaturefd LLC increased its holdings in shares of Floor & Decor by 46.9% in the 3rd quarter. Signaturefd LLC now owns 3,674 shares of the company's stock valued at $168,000 after purchasing an additional 1,173 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of Floor & Decor by 61.8% during the 3rd quarter. Simplicity Wealth LLC now owns 10,638 shares of the company's stock worth $487,000 after acquiring an additional 4,064 shares in the last quarter. Finally, Gibbs Wealth Management boosted its position in Floor & Decor by 6.8% during the third quarter. Gibbs Wealth Management now owns 8,037 shares of the company's stock worth $368,000 after purchasing an additional 511 shares in the last quarter.

Floor & Decor News Roundup

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.61 per share, exceeding the $0.57 consensus estimate and rising from $0.53 a year earlier. Management highlighted 15% EPS growth, indicating margin and earnings resilience despite a challenging retail environment. Floor & Decor third-quarter financial results
• Positive Sentiment: Quarterly revenue reached approximately $1.21 billion and increased 3% year over year, broadly in line with expectations. The earnings call also emphasized continued strength in professional-customer sales. Floor & Decor Q3 earnings call highlights
• Neutral Sentiment: Floor & Decor announced a board succession plan: Thomas Taylor will become board chair on January 1, 2027, while Lauren Taylor Wolfe will join as an independent director. The changes support board refreshment but do not immediately alter operating results. Floor & Decor board leadership transition
• Negative Sentiment: Comparable-store sales declined 1.4% in the quarter, and revenue slightly missed the $1.22 billion consensus estimate. The sales softness raises concerns about consumer demand and near-term growth.
• Negative Sentiment: Telsey Advisory Group downgraded FND from “outperform” to “market perform” and cut its price target from $68 to $50, signaling reduced confidence in the stock’s upside. Zacks Research separately downgraded the shares to “strong sell.”
• Negative Sentiment: Bearish positioning intensified, with traders purchasing 16,864 put options—about 1,341% above typical volume—indicating heightened expectations for downside or increased demand for downside protection.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.

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